Description
⋅ Loonie continues to outperform vs USDollar despite of Oil decline recent days.
I see many bearish signals than bullish signals.
- Firstly, Resistance show clearly at 1.400 level I show on the chart.
- Secondly, USDCAD seems want to move below Kumo cloud.
- Thirdly, SMA50 : U/C also breaks it.
SMA50 + Kumo cloud+!.400 level sharps a strong resistance which weight USDCAD.
I think USDCAD would quickly test 1.3640 this week.